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Council authorizes nearly $25 million OWRB loan for water and sewer projects
Summary
Broken Arrow authorized use of an Oklahoma Water Resources Board loan fund totaling about $24.99 million to pay for roughly 15 water and sewer capital projects; the city will draw funds as projects are ready and said the loan is low-interest.
The Broken Arrow City Council authorized use of an Oklahoma Water Resources Board (OWRB) loan fund on June 2 to finance roughly $24,990,000 in water-utility capital improvements, city officials said on the City of Broken Arrow’s “City Council Rewind.”
Vice Mayor Johnny Parks described the loan as a low-interest option the city will draw from…
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